Common use of Payments Due Upon Termination Without Cause by the Company or for Good Reason by Executive After a Change in Control Clause in Contracts

Payments Due Upon Termination Without Cause by the Company or for Good Reason by Executive After a Change in Control. In lieu of the payments and other benefits due under any other severance policy maintained by the Company in which Executive is otherwise entitled to participate, in the event the Company terminates Executive’s employment without “Cause” or if the Executive terminates Executive’s employment for “Good Reason”, but only in each case within one year following a Change in Control, the Company shall have no obligation to Executive, except:

Appears in 2 contracts

Samples: Change in Control Agreement (Lawson Products Inc/New/De/), Change in Control Agreement (Lawson Products Inc/New/De/)

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Payments Due Upon Termination Without Cause by the Company or for Good Reason by Executive After a Change in Control. In lieu of the payments and other benefits due under any other severance policy maintained by the Company in which Executive is otherwise entitled to participate, in the event the Company terminates Executive’s employment without “Cause” or if the Executive terminates Executive’s employment for “Good Reason”, but only in each case within one year six months following a Change in Control, the Company shall have no obligation to Executive, except:

Appears in 1 contract

Samples: Change in Control Agreement (Lawson Products Inc/New/De/)

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Payments Due Upon Termination Without Cause by the Company or for Good Reason by Executive After a Change in Control. In lieu of the payments and other benefits due under any other severance policy maintained by or on behalf of the Company in which Executive is otherwise entitled to participate, in the event the Company terminates Executive’s employment without “Cause” or if the Executive terminates Executive’s employment for “Good Reason”, but only in each case within one year following a Change in Control, the Company shall have no obligation to Executive, except:

Appears in 1 contract

Samples: Change in Control Agreement (Lawson Products Inc/New/De/)

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